منابع مشابه
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We study a model of political economy in which the policy choice of an incumbent politician when he is concerned with the perception of his capability. We show that politicians may engage in socially detrimental reform in order to be perceived as more capable. Conservative institutions that thwart reform may potentially improve social welfare.
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A manager who learns privately about a project over time may be reluctant to quit it if recognizing failure/lack of success hurts his reputation. In the banking industry, managers may want to roll over bad loans that would reflect poorly on their skills. How do distortions depend on expected project quality? What are the effects of releasing public information about quality? A key feature of ba...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1154026